jakiro
Source: Daoshuo Blockchain
In yesterday’s article, we talked about the traditional capital of Wall Street that will eventually cover the entire crypto assets’ entrances and exits to fiat currencies (USD) and try to control the pricing power of all mainstream crypto assets (through financial instruments such as spot ETFs).
But are the giants only satisfied with laying out their existing crypto assets?
I think they have a much bigger appetite than that.In the end, they will definitely come to the scene and issue assets independently – this set that you novices can play, can we veteran players lose to you?
Specifically, how will they do it?
I think I will issue my own assets by fully laying out infrastructure and application areas.
If you carefully observe the process of submitting Bitcoin and Ethereum spot ETF applications to the SEC, you will find that although many institutions have submitted their respective applications, it is obvious that institutions have obvious attitudes towards Bitcoin and Ethereum.Difference.
Two companies are particularly evident in this regard: Grayscale and BlackRock.
In a previous article, I shared with you an article written by Grayscale recently.In the article, Grayscale focuses on Bitcoin, and even the inscription ecology is specifically described.You should know that at that time, not to mention institutional investors, even among retail investors, the popularity of inscriptions was still limited.
And what about BlackRock?
Its focus is more on Ethereum.
BlackRock’s president also made such remarks a while ago, saying that even if Ethereum spot ETFs fail to pass, it will not affect their attention to the Ethereum ecosystem.He also repeatedly stated in public that he would explore some application scenarios on Ethereum: such as RWA.
Compared with these two companies, Grayscale’s style is closer to the crypto ecosystem, while BlackRock’s style has a distinct traditional business atmosphere.But the size of grayscale is obviously not comparable to that of BlackRock.Once BlackRock really starts to exert its strength, its influence will quickly surpass grayscale.
So I estimate that the impact of traditional institutions on the crypto ecosystem will increasingly tend toward BlackRock’s style in the future.
Judging from BlackRock’s background, it obviously cares more about the commercial benefits and practical uses that blockchain technology can bring.At present, Ethereum is the first blockchain platform that is both safe and reliable and has complete technical functions.Moreover, the existing performance of the Ethereum ecosystem can fully support the RWA market that BlackRock focuses on.
So I think traditional Wall Street institutions like BlackRock will soon come to the scene and plan to plan two areas at the same time:
One is the infrastructure in the blockchain field; the other is the application project on the blockchain platform.
I think the possibility of the blockchain infrastructure here is Ethereum’s second layer expansion.
These institutions either work with certain existing second-tier expansion projects to hold their tokens directly and impose their influence on these projects to turn these second-tier expansions into their own “reserved land”;Or you can personally find a team to do a second layer of extension specifically for your own application scenarios.
When they have an infrastructure that serves themselves, the next step is to deploy the easiest and most familiar business on it: RWA.
In this way, they can break through the gap between off-chain finance and on-chain finance, and open up their own new business areas and profit models.
In this process, they will also issue various tokens based on their own needs: some may design them into tokens similar to “commodities” in order to serve the public and try to lower the threshold; some are designed only for exclusive users’ servicesBecome a token similar to “securities”.
With these tokens, they submit ETF issuance applications (or “commodities” or “securities”) to the regulator step by step, and successfully and legally and compliantly realize their own financial assets.
In short, the giants have knocked on the door to legal and compliance of on-chain assets, and next they will rush into this new field and greedily seize new fruits.
